Overview
- The board named James Dempsey interim CEO effective immediately, with Barry Biffle remaining as an adviser through December 31.
- Frontier provided no explanation for the leadership change, and a company spokesperson declined to share additional details.
- Frontier Group Holdings shares dropped about 11% on Tuesday following the announcement.
- The company reiterated its November 5 guidance for Q4 2025, projecting non-GAAP earnings of $0.04 to $0.20 per share on roughly flat capacity.
- The transition comes after weak 2025 performance, including a $190 million loss in the first nine months and continued pressure on ultra-low-cost carriers.